Target Hospitality (TH) Long-Term Deferred Tax (2018 - 2022)
Target Hospitality (TH) posted quarterly Long-Term Deferred Tax of $8.4 million for Q2 2022, down 51.7% year-over-year from $17.3 million in Q2 2021, and down 40.22% quarter-over-quarter from $14.0 million in Q1 2022.
Target Hospitality (TH) Long-Term Deferred Tax (2018 - 2022) Analysis & Trends
Target Hospitality (TH) has reported Long-Term Deferred Tax for 5 consecutive years, with $8.4 million the latest figure, recorded in Q2 2022.
- In Q2 2022, Long-Term Deferred Tax fell 51.7% year-over-year to $8.4 million; the TTM figure through Jun 2022 stood at $8.4 million (down 51.7% YoY), while the FY2021 annual figure was $14.7 million, down 3.09% from the prior year.
- Long-Term Deferred Tax fell to $8.4 million in Q2 2022 per TH's latest filing, from $14.0 million in the prior quarter.
- Across five years, Long-Term Deferred Tax topped out at $17.3 million in Q2 2021 and bottomed at $6.4 million in Q4 2019.
- Historically, Long-Term Deferred Tax has averaged $12.2 million across 5 years, with a median of $12.4 million in 2018.
- Annual changes were most pronounced in 2020 — Long-Term Deferred Tax plunged 55.23% — and 2021, when it soared 161.34%.
- Target Hospitality's Long-Term Deferred Tax stood at $12.4 million in 2018, then sank by 48.25% to $6.4 million in 2019, then jumped by 136.18% to $15.2 million in 2020, then retreated by 3.09% to $14.7 million in 2021, then slumped by 43.17% to $8.4 million in 2022.
- Business Quant data shows TH's Long-Term Deferred Tax at $8.4 million in Q2 2022, $14.0 million in Q1 2022, and $14.7 million in Q4 2021.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cintas | 81.75 Bn | 81.46 Bn | 1.48 Bn |
| 2 | Relx | 65.78 Bn | 65.61 Bn | - |
| 3 | Copart | 31.74 Bn | 28.38 Bn | 732.88 Mn |
| 4 | Global Payments | 25.31 Bn | 19.90 Bn | 2.03 Bn |
| 5 | Rb Global | 16.08 Bn | 15.56 Bn | 935.50 Mn |
| 6 | Aramark | 15.69 Bn | 15.19 Bn | 430.34 Mn |
| 7 | UL Solutions | 15.14 Bn | 14.71 Bn | 417.00 Mn |
| 8 | Rentokil Initial | 11.92 Bn | 9.39 Bn | - |
| 9 | Dolby Laboratories | 6.10 Bn | 5.43 Bn | 264.68 Mn |
| 10 | Target Hospitality | 1.76 Bn | 1.76 Bn | 15.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2022 | 8.36 Mn |
| Mar 31, 2022 | 13.99 Mn |
| Dec 31, 2021 | 14.71 Mn |
| Sep 30, 2021 | 15.98 Mn |
| Jun 30, 2021 | 17.31 Mn |
| Mar 31, 2021 | 16.91 Mn |
| Dec 31, 2020 | 15.18 Mn |
| Sep 30, 2020 | 12.21 Mn |
| Jun 30, 2020 | 9.10 Mn |
| Mar 31, 2020 | 6.47 Mn |
| Dec 31, 2019 | 6.43 Mn |
| Sep 30, 2019 | 8.01 Mn |
| Jun 30, 2019 | 10.92 Mn |
| Mar 31, 2019 | 14.46 Mn |
| Dec 31, 2018 | 12.42 Mn |